fortunately there is a financial instrument for exactly this situation: the reverse mortgage. it's kind of absurd to treat the quintupling in value of one's home as some sort of hardship.
Unfortunately even the intro on Wikipedia explains some problems with reverse mortgages.
Not to mention that it's kind of a lot to force, idk, 80-year-olds to take out reverse mortgages just so they can keep living in homes they've already paid for and own. Though I guess it's not surprising if people half their age don't care about their burden.
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fortunately there is a financial instrument for exactly this situation: the reverse mortgage. it's kind of absurd to treat the quintupling in value of one's home as some sort of hardship.
Unfortunately even the intro on Wikipedia explains some problems with reverse mortgages.
Not to mention that it's kind of a lot to force, idk, 80-year-olds to take out reverse mortgages just so they can keep living in homes they've already paid for and own. Though I guess it's not surprising if people half their age don't care about their burden.
maybe I'm being insensitive, but it sounds like a problem I would absolutely love to have.